Post
Topic
Board Lending
Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"
by
Micon
on 30/07/2012, 19:34:07 UTC
Care to make a 100 BTC wager with me that we will escrow to a person we mutually agree upon that BCST will default by the end of 2013?  I love free BTC!  

So, that was it then? It was only a setup so that you can propose a bet that cannot make you lose any money? If someone takes your bet, you only have to also put 100 BTC into pirateat40 fund at the same time: you'll either win because pirateat40 defaults (you'll get the 100 BTC from your opponent + the interests you got from pirateat40 in the meantime) or win because he doesn't default and you can take your principal back and have multiplied it by a large amount even after you lose the bet.

In fact, you're proposing to buy a 200 BTC insurance against pirateat40 default, for a cost of 100 BTC, valid until the end of 2013, at which date you would have made much more than that. Clever.

I must admit that I'm a little disappointed. I thought you were playing the white knight here, while you were just setting up the atmosphere needed to propose this bet.

1)  i can assure you no matter what I will never buy buying pirate-anything or ponzi-anything or bonds of such or anyone that makes these posts saying 2% weekly, totally legit, i do stuff with btc that's awesome, just send the coins.

2)  Among other things I'm a pro gambler.  When the user laughed off my post suggesting a scenario that pirate would want shill accounts in order to generate blockchain verifiable interest, I asked him to put BTC where his mouth is - a standard response in my industry.

3)  you think I'm forward thinking enough to set up an entire thread-atmosphere to swoop in for the $800 score?  Pirate is stealing $1M+ USD and you think I am spending all this time researching this to make a quick 100 btc?